| Technology Q & A What is the NEWS about Windows 7? Good news: Windows 7 was released on October 22-earlier than expected. Its been noted that Windows 7’s operating system is easy to use, faster than Vista, offers uncluttered screens, quicker access to all your programs and files you use the most, makes finding and sharing files on a network simpler, and manages devices more easily. Windows 7 offers a more powerful user- interface tool, along with better security and very useful troubleshooting gear. It is impressive being designed for the small home office plus for the larger networked office. Not so Good News: If you have a problem getting Windows 7 to recognize your printer/copier/scanner/fax try to connect to the internet & go to Microsoft.com and look for updates for downloading devices. How to download: Microsoft.com/windows/windows-7/ |
| Our Helpful Staff Eric Catalina, CPA Vinese Goldschmidt Jennifer Quinn |
| Our Newsletter |
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| Its been ONE YEAR in the new Office for Hands on Accounting! 39A South Broadway, 2nd Floor Gloucester, NJ Phone #: 856-456-6111 Fax #: toll free 866-929-9873 |
| GET YOUR BUSINESS OFF THE GROUND www.business.gov Click above to the “Official Business link to the U.S. Government.” This site is a virtual one-stop shop for information on running a small business. Operated by the Small Business Administration, this site offers guides on starting and managing a business, government contracting, taxes and a host of other topics. EASY AS 1,2,3 www.simplyhired.com Here is the one simply, effective and, even, enjoyable websites for employment searches. Featuring millions of positions from thousands of job boards and HR sites. Click on the site about and find out! |
| GREAT STOPS ON THE WEB |
| Our Featured Client |
| Congratulations Steve Christy from Christy & Sons for being our Featured Client. Steve should be proud of himself for his die-hard efforts of submitting his accounting information when due, supplying the office with all the documents to process his accounting and submitting his payments in a timely fashion. Congratulations to Steve Christy who will be receiving a fabulous gift certificate to enjoy from the office. |
| Watch OUT! Did you receive an e-mail from the IRS asking for your personal information? That letter is a scam. Learn more about how to spot a scam and how to protect yourself by watching this video from the IRS. Go to: www.irs.gov and protect yourself. |
| Catch Eric on Twitter! http://twitter.com/CatalinaCPA UPDATE YOUR “TWITTER TERMINOLOGY” Tweet as a noun: A post or message sent on Twitter. Tweet as a verb: The act of posting to Twitter. @reply: A public message sent in response to a Tweet. Direct Message: A private message sent to a Twitterer. DM: short for Direct Message. Feed: posts on Twitter are referred as feed. You can view users feeds easily by typing the users name after “twitter.com” Follower: this is a user who follows Twitter feed. Re-Tweet: giving credit to the original Twitterer. It will appear as RT@username followed by the original Tweet. |
| More things to know for the Tax Season NEW CAR CREDIT: With 2010 models arriving in dealer showrooms, the Internal Revenue Service reminds taxpayers that purchasing a new car, light truck, motor home or motorcycle could qualify them for a special deduction for the state and local sales and excise taxes on their 2009 tax returns. Purchases made before Jan. 1, 2010, will qualify for this deduction under the American Recovery & Reinvestment Act of 2009 (ARRA). The deduction is limited to the sales and excise taxes and similar fees paid on up to $49,500 of the purchase price of a new vehicle. The deduction is reduced for joint filers with modified adjusted gross incomes (MAGI) between $250,000 and $260,000 and other taxpayers with MAGI between $125,000 and $135,000. Taxpayers with higher incomes do not qualify. This special deduction is available regardless of whether taxpayers itemize deductions on their returns. Taxpayers who do not itemize will add this additional amount to the standard deduction on their 2009 tax return. ENERGY TAX CREDIT 2009: The new law increases the energy tax credit for homeowners who make energy efficient improvements to their existing homes. The new law increases the credit rate to 30 percent of the cost of all qualifying improvements and raises the maximum credit limit to $1,500 for improvements placed in service in 2009 and 2010. The credit applies to improvements such as adding insulation, energy efficient exterior windows and energy-efficient heating and air conditioning systems. A similar credit was available for 2007, but was not available in 2008. Homeowners should be aware that the standards in the new law are higher than the standards for the credit that was available in 2007 for products that qualify as “energy efficient” for purposes of this tax credit. For exterior windows and skylights, homeowners may continue to rely on Energy Star labels in determining whether property purchased before June 1, 2009, qualifies for the credit. Manufacturers should not continue to provide certifications for property that fails to meet the new standards. CHILD TAX CREDIT: This is a partially refundable credit worth up to $1000 for each child up to age 17. |